Battalion Oil Corporation: Q4 2024 Financial and Operating Results
HOUSTON, March 31, 2025 – Battalion Oil Corporation (NYSE American: BATL), an independent exploration and production company, reported its financial and operating results for the fourth quarter of 2024. The Company posted a net income of $52.1 million, or $0.21 per diluted share, compared to a net loss of $12.3 million, or $(0.05) per diluted share, in the same period last year.
Financial Highlights
Total revenues for Q4 2024 were $135.3 million, a 36% increase from $99.3 million in Q4 2023. The increase in revenues was primarily due to higher crude oil and natural gas sales volumes and prices. Operating income for the quarter was $58.3 million, compared to an operating loss of $8.5 million in the prior year period. The Company’s operating expenses decreased by 15% to $77.0 million in Q4 2024, due to cost savings initiatives and lower drilling and completion costs.
Operational Highlights
Battalion’s average daily production for Q4 2024 was 10,200 barrels of oil equivalent per day (BOEPD), a 27% increase from 8,100 BOEPD in the same period last year. The Company’s crude oil production averaged 6,100 barrels per day, up from 4,500 barrels per day in Q4 2023. The increase in production was primarily due to the successful completion of several wells in the Permian Basin and the Barnett Shale.
Capital Expenditures
Battalion’s capital expenditures for the quarter were $65.3 million, which included drilling and completion costs, facility expansions, and the acquisition of additional acreage. The Company’s 2025 capital budget is expected to be approximately $275 million, with a focus on the Permian Basin and the Marcellus Shale.
Impact on Individuals
The strong financial performance of Battalion Oil Corporation could lead to increased revenue for the Company and potentially result in higher dividends for shareholders. Additionally, the increase in production could lead to lower gas prices for consumers, making energy more affordable.
Impact on the World
The increased production from Battalion Oil Corporation and other oil and gas companies could contribute to global energy security by reducing dependence on volatile regions for energy. Additionally, lower gas prices could have a positive impact on economic growth by reducing the cost of energy for businesses and consumers.
Conclusion
Battalion Oil Corporation’s strong financial and operational performance in Q4 2024 is a positive sign for the Company and its shareholders. The increase in production and revenue could lead to higher dividends and potentially contribute to global energy security and economic growth. As the Company continues to focus on growth initiatives in the Permian Basin and the Marcellus Shale, investors and energy consumers alike will be watching closely.
- Battalion Oil Corporation reported net income of $52.1 million in Q4 2024, a significant increase from a net loss in the same period last year.
- Total revenues for the quarter were $135.3 million, a 36% increase from Q4 2023.
- Average daily production for Q4 2024 was 10,200 BOEPD, a 27% increase from the same period last year.
- Capital expenditures for the quarter were $65.3 million, with a focus on the Permian Basin and the Marcellus Shale.
- The strong financial performance could lead to higher dividends for shareholders and potential contributions to global energy security and economic growth.
